My apologies, that was bodybuilding not powerlifting...though it's a Wiki, it gives some of the info the Facebook posting did but not half as much, there was also another fed mentioned on the Facebook page but not in this excerpt, the Facebook post indicated there had been disagreement of some sort between two official bodies...

In the early 2000s, the IFBB was attempting to make bodybuilding an Olympic sport. It obtained full IOC membership in 2000 and was attempting to get approved as a demonstration event at the Olympics which would hopefully lead to it being added as a full contest. This did not happen...